I ndigo Books & Music Inc. IDG-T said Tuesday it has spun off its Shortcovers digital book business to Kobo Inc., a new company controlled by Indigo and involving some well-known international partners. Indigo said Tuesday that the transaction will see Canada’s largest bookstore chain own 58 per cent of Kobo

S wiss bank Credit Suisse said it was likely to pay a hefty $536-million (U.S.) to settle a U.S. probe into payments made between 2002 and 2007 involving parties that are subject to U.S.

O il prices CL-FT rose Tuesday for the first time in nine days with OPEC predicting energy demand will rebound faster than it had previously thought. Benchmark crude for January delivery added $1.18 (U.S.) to settle at $70.69 a barrel on the New York Mercantile Exchange.

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T elus Corp. said today it sees a revenue gain in 2010 of 2 per cent to 5 per cent, driven by gains of up to 9 per cent in its wireless business. At the same time, Telus acknowledged its forecast implies profit margins in its wireless business of 39 per cent, a decline of two percentage points from 2009, in part due to increased competition.

T oday’s top stories from Report on Business : A housing bubble? Not yet The stunning rebound in Canada’s real estate markets continues to prompt speculation about whether a bubble is forming.

Technology and large-cap growth remain the darlings of money managers, while fixed income is losing its appeal, according to the latest quarterly survey of investment professionals by Russell Investments. The survey of more than 200 money managers, which will be released tomorrow, found technology is the sector garnering the most manager bullishness.